The Independent Regulatory Review Commission Thursday unanimously approved a set of final regulations from the Public Utility Commission that are aimed at modernizing the commission’s regulation of taxicabs in order to help them better compete with the recently legalized transportation network companies such as Uber and Lyft.

Stemming from enabling legislation in Act 85 of 2016 and Act 164 of 2016 that allowed the temporary then permanent legalization of TNCs, the legislature tasked the PUC with promulgating new regulations as they pertain to taxicab and motor carrier companies that would allow them to better compete with TNCs, which operate on a different business model than traditional taxi companies.